Group led by Sixth Street includes KKR and gets an assist from PIMCO and CPP Investments.
The pros and cons of in-house versus outsourced capital raising was debated at PEI's Investor Relations forum.
A disconnect exists in the industry between GPs who view continuation funds as a desirable way to hold certain assets beyond the limits of a traditional private equity fund, and LPs who generally would prefer a regular exit.
The bank and asset manager will focus on direct lending to non-sponsor companies through a business development company.
Investors made the mistake of pulling back in the downturns of 2001 and 2008 and want to avoid that now.
Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
During Musicco's brief tenure, CalPERS substantially boosted its investment in venture capital funds as part of a larger effort by the CIO to grow private market exposure.
Private credit has received plenty of acclaim as a well-positioned asset class for the times, but investors are not entirely void of concerns.
The system’s investment staff may expand target ranges, among other tweaks, as its cashflow needs change.
David Robbins, the firm's head of credit strategies, said the latest vehicle had a 'great mix of investors.'